By Nathan Lomax, co-founder of Quickfire Digital.
Retailers have not had it easy of late. Soaring energy and supply chain costs and customers facing pressure through the cost of living crisis have resulted in a loss of 15,000 jobs at the start of 2023.
Retail Supply Chain Software/Management, Retail Management Software, Retail Warehousing
The term Retail is defined as the sale of goods and services from companies or individuals to the end-consumer. Retailers acquire goods from producers and then sell these goods in-store or on-line via the internet. Retail supply chain software can enhance supply chain efficiency and trading partner collaboration by better connecting product information, processes and trading partners. Retail companies become involved in supply chain management in order to control product quality, inventory levels, timing, and expenses. Retail supply chain software encompasses warehouse & transportation solutions, inventory control, and possibly additional strategic/planning modules, particularly for the larger/volume-based retailers.
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VoCoVo, the retail communications specialist, has entered into a partnership with UK supermarket chain Iceland which will see every store within the retailer’s estate provided with access to the latest cutting edge communication technology.
New research reveals a new generation of UK entrepreneurs with retail the most popular sector for start-ups
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New research by Geek Retreat, the geek culture retailer, gaming café, community hub and events venue, shows that 15% of Brits have set up their own business in the past ten years, and of these, 44% did so in the last three years. The findings also show that more women (52%) have started their own business in the past three years, compared to men (30%).
Glimmers of hope for the global Consumer Technology and Durables market in 2024
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CES marks the start of the new year for the Consumer Technology and Durables (T&D) market. For GfK's experts, it's a time to assess the global T&D results and developing trends coming out of the year just gone and to look ahead to what the new year will bring.
Retail Think Tank 2024 predictions: Food, Health & Beauty and Purpose-driven retail set to be sector winners in the year ahead
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Food and Health & Beauty are expected to be two of the best performing retail categories for 2024, along with ‘purpose’ driven retail offerings, which include circular retail and sustainable shopping formats, according to predictions from the KPMG/RetailNext Retail Think Tank (RTT), an independent board of retail experts.
Want to keep your customers? Then work with more than one carrier
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Anton Eder, co-founder of global enterprise post-purchase software provider parcelLab, tackles what retailers should put in place to ensure a seamless experience for their customers. A quarter of businesses see 10 percent of orders experience a first attempt failed delivery. Failed deliveries cost so much more than money.
Queue busting over peak season with mobile receipt and label printers
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The peak season is renowned for Christmas cheer, retail opportunity, in store shopping, bustling shopping centres and queues. Additionally, shoppers and restaurant clientele are busy. They detest queues. Their time is precious. They have places to go and people to see.
Retail tech predictions
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By James Hughes, Retail CTO of EMEA region, Verizon Business.
The future of retail tech in 2024 is expected to be a monumental year for gamification and AI advancements following great breakthrough in 2023.
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Manhattan Associates Inc. has announced the findings of a new study on Britain’s sustainable shopping habits in the lead-up to Christmas. At a time when consumer spending is typically high, the fallout from the cost-of-living crisis has revealed that low costs are trumping both sustainability considerations and convenient deliveries and returns.
Retail Supply Chain & Logistics Expo – The unmissable event for retail professionals
Dec 13, 2023
Retail Supply Chain & Logistics Expo is the UK’s leading retail focused supply chain & logistics event with innovative exhibitors with the latest technologies and strategies. Taking place on the 27th & 28th of February, the ExCeL London, will be transformed into an electrifying hub dedicated to the retail and supply chain sector.
Retail Supply Chain Management
Retail supply chain management (RSCM) is the process of managing the flow of products from suppliers to retailers to consumers. It includes all the activities involved in getting products to the right place at the right time, in the right quantity, and at the right cost.
RSCM is an essential part of any retail business, as it can have a significant impact on profitability. By optimizing the supply chain, retailers can reduce costs, improve efficiency, and deliver products to customers more quickly. RSCM also includes a number of other activities, such as inventory management, order fulfillment, and customer service.
There are a number of challenges that retailers face in managing their supply chains. These include:
- Volatile demand: Consumer demand can be unpredictable, which can make it difficult to forecast demand and manage inventory levels.
- Globalization: The increasing globalization of the retail industry means that retailers need to manage their supply chains across multiple countries and cultures.
- Technology: The rapid pace of technological change is impacting the retail supply chain, as retailers need to adopt new technologies to stay ahead of the competition.
The five main components of RSCM are:
- Planning: This involves forecasting demand, developing sourcing strategies, and creating production schedules.
- Procurement: This involves sourcing raw materials, components, and finished goods from suppliers.
- Manufacturing: This involves transforming raw materials into finished goods.
- Warehousing: This involves storing finished goods until they are needed.
- Distribution: This involves transporting finished goods to retailers.
